Renegotiated Meaning: Definition, Examples, and Translations
๐ค
renegotiated
[หriหnษชหษกษสสieษชtษชd ]
Definition
contract discussion
Renegotiated means to discuss and modify the terms of an existing agreement or contract. This process often occurs when the original conditions are no longer feasible or beneficial for one or more parties involved. Renegotiation can involve changes to price, timelines, or other critical aspects of the contract.
Synonyms
Examples of usage
- The company renegotiated the lease with the landlord.
- After the merger, they renegotiated the existing contracts.
- She renegotiated her salary package with her employer.
Translations
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Interesting Facts
Business
- In corporate settings, renegotiation is common when market conditions change, such as economic downturns or new competitors.
- Companies may renegotiate contracts to improve pricing, delivery terms, or project scope to better align with current goals.
- Successful renegotiations often involve compromise and finding a win-win situation for all parties involved.
Law
- In legal contexts, renegotiation of contracts can happen if the original terms become impractical or impossible to fulfill.
- Courts may encourage parties to renegotiate if a dispute arises, as it can save time and resources compared to litigation.
- Some contracts include clauses specifically allowing for renegotiation under certain conditions or triggers.
Psychology
- Renegotiating can lead to increased satisfaction and trust between parties, as it promotes open communication.
- People often feel more invested in agreements when they participate in renegotiation, boosting their commitment to outcomes.
- Cognitive dissonance theory suggests individuals might feel uneasy when they must change previously agreed terms, impacting how negotiations are approached.
Pop Culture
- Many popular films depict characters renegotiating agreements or deals, often highlighting moral dilemmas and character development.
- In television series, characters may face the challenge of renegotiating relationships or contracts, reflecting real-world scenarios.
- Songs often explore themes of renegotiation in relationships, indicating changes in emotional agreements and expectations.
Origin of 'renegotiated'
Main points about word origin
- The prefix 're-' means 'again,' indicating that something is being done anew.
- The root word 'negotiate' comes from the Latin 'negotiari,' meaning 'to carry on business.'
- The concept of renegotiating has been part of legal and business language since at least the 19th century.
The word 'renegotiate' stems from the prefix 're-' meaning 'again' and the root word 'negotiate,' which originates from the Latin 'negotiari.' 'Negotiari' is derived from 'negotius,' meaning 'not leisure' or 'busy,' which implies engaging in discussion or bargaining. The term has evolved in the English language, gaining prominence in legal and business contexts as parties seek to update agreements to reflect current realities. 'Renegotiated' specifically refers to the past tense of this action, indicating that the agreement has already been altered through discussions. As business practices and economic conditions change, the need for renegotiation becomes common, reflecting the dynamic nature of professional relationships.